Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    324 Browns Hl Ct Midlothian, VA 23114-9511

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    324 Browns Hl Ct Midlothian, VA 23114-9511

    View on Map
    • Office properties & Spaces
    • 5,066 SF
    Off-Market
    Last Sale Apr 15, 2025
    $996,000
    Property ID
    US87-1649139
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $1,010,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Studio KMA Facials, Waxing, & Massage / Spa & Massage Center
    • The V Lady RVA / Spa & Massage Center / Skin Care Clinic
    • Studio KMA Aesthetics & Massage / Spa & Massage Center
    • Midlothian Therapeutic Massage / Alternative Medicine Practice / Spa & Massage Center
    • Mint Spa RVA / Alternative Medicine Practice / Spa & Massage Center

    Property Details for 324 Browns Hl Ct

    Year built
    2021
    Property size
    5,066 SF
    Zone code
    O2 - CORP OFFICE DIST
    Property type
    Office properties & Spaces
    APN
    732-70-67-29-200-018
    APU
    732706729200018

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $990,000
      6.5%
      $915,000
      7%
      $845,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,131,000
      Market price range: $691k - $1.33M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,050,000
      Current use
      AUTO REPAIR, GARAGE
      $1,255,000
      Change: +19% Conversion: Difficult
      RETAIL STORES
      $1,025,000
      Change: -3% Conversion: Moderate

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Midlothian
    County
    Chesterfield
    State
    Virginia
    Longitude
    -77.6385
    Latitude
    37.4999
    CBSA code
    40060
    CBSA name
    RICHMOND, VA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $9,599
    $153,600
    $905,200
    $1,058,800
    -
    $153,600
    $905,200
    $1,058,800

    Comparable in this City

    • Value Estimation by Request
      1,400 SF

      368 Browns Hl Ct

      CONDOMINIUM OFFICES • 1,400 SF
      368 Browns Hl Ct, Midlothian, VA 23114-9511
      View Details
    • Value Estimation by Request
      2,788 SF

      116 Walton Park Ln

      CONDOMINIUM OFFICES • 2,788 SF
      116 Walton Park Ln, Midlothian, VA 23114-3028
      View Details
    • Value Estimation by Request
      21,630 SF

      17 Le Gordon Dr

      Medical Office Space • 21,630 SF
      17 Le Gordon Dr, Midlothian, VA 23114
      View Details
    • Value Estimation by Request
      562 SF

      13702 Village Mill Dr

      Office properties & Spaces • 562 SF
      13702 Village Mill Dr, Midlothian, VA 23114
      View Details
    • Value Estimation by Request
      1,380 SF

      302 Browns Hl Ct

      CONDOMINIUM OFFICES • 1,380 SF
      302 Browns Hl Ct, Midlothian, VA 23114-9511
      View Details
    • Value Estimation
      $1,205,000
      7,040 SF

      348 Browns Hl Ct

      CONDOMINIUM OFFICES • 7,040 SF
      348 Browns Hl Ct, Midlothian, VA 23114-9511
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      5,062 SF

      Midlothian Office/Medical Property For Sale

      Office/medical property in Midlothian with flexible floor plan.
      108 Walton Park Ln, Midlothian, VA 23114
      View Details
    • $359,619
      1,768 SF

      Upgraded Condo in Midlothian

      Top floor condo in desired Charter Colony subdivision.
      1220 Westwood Village Ln, Midlothian, VA 23114
      View Details
    • $395,000
      Pending

      Midlothian Two-Level Townhome

      Comfortable two-level townhome in the heart of Midlothian.
      613 Abbey Village Cir, Midlothian, VA 23114
      View Details
    • Contact for pricing

      Land with Frontage on Turnpike

      Land with frontage on Midlothian Turnpike and Charter Colony Parkway.
      201 Charter Colony Pkwy, Midlothian, VA 23114
      View Details
    • Contact for pricing

      Commercial Land in High-Growth Area

      2.1+/- acre corner parcel in a high-growth commercial area.
      50 Otterdale Woods Rd, Midlothian, VA 23114
      View Details
    • Contact for pricing

      5.6 Acres Off Midlothian Turnpike

      5.6 acres of commercial land near major retail.
      N Woolridge Rd. At Walton Park Rd, Midlothian, VA 23114
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,141 SF

      Medical Office Space Available

      Outpatient medical space for lease with on-site amenities.
      611 Watkins Centre Pkwy, Midlothian, VA 23114
      View Details
    • Contact for pricing
      21,630 SF

      Midlothian Medical Office Space

      Class A medical office suites available.
      17 Le Gordon Dr, Midlothian, VA 23114
      View Details
    • Contact for pricing
      60,000 SF

      Medical/Office Space Near Hospital

      Suites from 2,500 to 60,000 SF near St. Francis.
      14200 Center Pointe Pkwy, Midlothian, VA 23114
      View Details
    • Contact for pricing
      2,152 SF

      Medical Office Space Available

      Outpatient medical space for lease with on-site amenities.
      601 Watkins Centre Pkwy, Midlothian, VA 23114
      View Details
    • Contact for pricing
      50,000 SF

      Medical/Office Space Near St. Francis

      Medical and office spaces available near St. Francis Medical Center.
      1300 Charter Colony Pkwy, Midlothian, VA 23114
      View Details
    • Contact for pricing
      25,000 SF

      Medical/Office Space Near St. Francis

      Medical and office spaces available near St. Francis Medical Center.
      13830 Bon Secours Dr, Midlothian, VA 23114
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    324 Browns Hl Ct
    Midlothian, VA 23114-9511
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!